More Woes for Fannie and Freddie

Financial Times reports on Fannie & Freddie's woes. Fed Chairman Ben Bernanke tried to calm everyone's nerves by stating he feels that F & F are "well capitalized in a regulatory sense" but they should raise more capital. Which is it Bennie? Are F & F fine, or broke?

Ironically it was a politician who spoke most truthfully about the 2 F's today. Republican Presidential candidate Senator John McCain spoke on the campaign trail, saying the two companies "are vital... they will not fail... we cannot allow them to fail."

Site Changes

January 1, 2009 - merged ButterHomes with NorthPhoenixAgent to become ThePhoenixAgents.

October 1, 2012 - moved from wordpress to blogger.

Although I am very happy with the site's current form and function (and wish I had never left blogger in the first place), I lost a great deal of formatting and images through the changes. I apologize if you're reading an older post that doesn't look right or is missing a picture...